Trend in artificial intelligence (AI) use of machine learning in numerous applications and emergence of quantum computing are the factors which increase the demand for machine learning chip market. 

The global machine learning chip market was valued at $2,425.6 million in 2017, and is projected to reach $37,849.8 million by 2025, registering a CAGR of 40.8% from 2018 to 2025.

Machine learning is a sub-set of artificial intelligence which performs tasks related to AI. It is currently being adopted by several industries around the world. This technology uses algorithms and computational methods to teach computers to think the way humans and animals may react in a particular situation. The performance of this machine learning algorithm can be improved by increasing the number of trials.

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The trend in artificial intelligence (AI), use of machine learning in numerous applications, and emergence of quantum computing are the factors which increase the demand for machine learning chip market. In addition, the development of autonomous robots that control themselves without human intervention is anticipated to provide potential growth opportunities for the market. However, dearth of skilled workforce and AI phobia are the major restraints of the market. Moreover, increase in demand for smart homes & cities, increase in efforts to make more human-like robots, and popularity of IoT across the globe are expected to create tremendous opportunities for the market expansion.

The major companies profiled in the report include AMD (Advanced Micro Devices), Google Inc., Intel Corporation, NVIDIA, Baidu, Bitmain Technologies, Qualcomm, Amazon, Xilinx, Samsung.

At present, North America dominates the market, followed by Europe. In 2017, the U.S. dominated the North America market, and the UK led the overall market in Europe. While, in Asia-Pacific, China currently dominates the market.

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The trend in artificial intelligence (AI), use of machine learning in numerous applications and emergence of quantum computing are the factors which increase the demand for machine learning chip market. In addition, the development of autonomous robots that can control themselves without human intervention is anticipated to provide potential growth opportunities for the market. However, dearth of skilled workforce and AI phobia are the major restraints of the market. Moreover, increase in demand for smart homes & cities, rise in efforts to make more human-like robots and popularity of IoT across the globe are expected to create tremendous opportunities for the market expansion.

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